American Century STOXX U.S. Quality Value
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
13.4x P/Sales
ratio
1.0x
P/BV
ratio
2.2x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VALQ tracks an index of US large-cap companies with value and income characteristics.

FUND BASICS
Category US Equities
Fund Sponsor American Century
Website ipro.americancentury.com
Inception date Jan 11, 2018
Assets (mns) $139
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 234
Wgt avg mkt cap (mns) $113,254
Large cap (>$10bn) 74.0%
Mid cap ($2-10bn) 26.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 2.4 %
APPLE INC 2.3 %
ALPHABET INC. CLASS C 2.0 %
INTL BUSINESS MACHINES CORP 2.0 %
HP INC. 1.9 %
INTEL CORP 1.7 %
TARGET CORP 1.6 %
PRUDENTIAL FINANCIAL INC 1.6 %
SEAGATE TECHNOLOGY 1.5 %
MICRON TECHNOLOGY INC 1.4 %
Total 18.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
IRELAND 3.3 %
BRITAIN 0.9 %
SWITZERLAND 0.7 %
BERMUDA 0.4 %
PUERTO RICO 0.2 %
ISRAEL 0.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.5% 24.5% -- -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.93 94%
MSCI EAFE 0.94 72%
MSCI Emg. Mkts. 0.67 56%

Technical Indicators
Recent close $43.80
30d moving avg. $42.96
Annualized volatility 14.0%
Short interest (ETF) 0.9%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.3%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $59,476

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the American Century STOXX U.S. Quality Value ETF based on the alternatives' overlap in portfolio holdings with VALQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VALQ Expense: 29 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VALQ
Ticker Fund
Name
Overlap1
vs VALQ
(%)
Expense
ratio
(bp)
Savings
vs VALQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs VALQ
(%)
JVAL JPMorgan U.S. Value Factor 39.3 12 17 8.2 -0.5
FLAG Forensic Accounting 38.6 152 -123 8.1 -0.6
FVAL Fidelity Value Factor 35.9 29 0 7.6 -1.1
IUS Invesco Strategic US 35.9 19 10 6.2 -2.5
RWL Invesco S&P 500 Revenue ETF 35.8 39 -10 7.2 -1.5
FNDX Schwab Fundamental Large Cap 35.3 25 4 6.2 -2.5
VLU SPDR S&P 1500 Value Tilt 35.0 12 17 7.0 -1.7
VLUE iShares MSCI USA Value Factor 34.5 15 14 10.4 +1.8
PRF Invesco FTSE-RAFI U.S. 1000 34.0 39 -10 6.3 -2.4
FNDB Schwab Fundamental Broad Mkt 33.9 25 4 6.2 -2.5
OVLU Invesco Russell 1000 Value Factor ETF 33.4 19 10 7.5 -1.2
ESGL Invesco ESG Revenue ETF 32.7 40 -11 7.5 -1.1
IVE iShares S&P 500 Value 32.1 18 11 6.8 -1.9
SPYV SPDR Portfolio S&P 500 Value 32.1 4 25 6.9 -1.8
FLQL Franklin LibertyQ U.S. Equity 32.0 15 14 6.4 -2.3
AFLG First Trust Active Factor Large Cap 31.9 55 -26 6.1 -2.6
VTV Vanguard Value ETF 31.9 4 25 6.9 -1.8
IUSV iShares Core U.S. Value 31.8 4 25 7.0 -1.7
DIVB iShares U.S. Dividend & Buyback 31.7 25 4 6.4 -2.3
DTD WisdomTree Total Dividend 31.5 28 1 6.4 -2.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
American Century STOXX U.S. Quality Value
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.8 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.